Cataract Surgery Device Market Report and Forecast 2025-2034

The global cataract surgery device market was valued at USD 8.90 Billion in 2024, driven by the rising prevalence of cataracts and the aging population across the globe. The market is anticipated to grow at a CAGR of 4.20% during the forecast period of 2025-2034, with the values likely to reach USD 13.43 Billion by 2034.

Cataract Surgery Device Market Overview

A cataract surgery device is specialized equipment used to remove cataracts and restore vision, including lasers, phacoemulsification tools, and intraocular lenses. The market is witnessing growth with the rising geriatric population base, which is more susceptible to developing the condition, ultimately leading to an increase in cataract surgeries. Also, the development of advanced technologies has resulted in the emergence of innovative surgical techniques and equipment leading to enhanced results of the surgery and higher patient satisfaction.

Cataract Surgery Device Market Growth Drivers

Rising Prevalence of Cataracts and Aging Population to Drive the Marker Growth

The market growth is driven by the rising prevalence of cataracts. The increasing incidence is creating a major opportunity for cataract surgery device expansion. Additionally, it is anticipated that the market value for cataract surgery devices will grow over the forecast period due to the increasing aging population, rising awareness of the illness, and developing healthcare infrastructure in emerging nations.

Cataract Surgery Device Market Trends

The market is witnessing several trends and developments to improve the current scenario. Some of the notable trends are as follows:

Rising Adoption of Personalized Vision Correction

The shift towards patient-centred healthcare is the driving force behind the design of more advanced intraocular lenses, which are equipped with a wider range of vision correction options. The new generation of intraocular lenses can manage conditions like astigmatism, or presbyopia, possibly without the need for glasses after the surgery.

Improved Surgical Efficacy Through Next-Generation Ophthalmic Viscoelastic

Manufacturers are concentrating on the development of advanced ophthalmic viscoelastic, which are the lubricants used in cataract surgery. New compositions are produced to have an enhanced biocompatibility leading to a significant reduction of inflammation.

Exploring Robotic-Assisted Surgery

The development of robotic-assisted cataract surgery systems is a noticeable market trend. These modern systems provide increased control and possibly better accuracy during surgery, which in turn might allow for quicker patient recovery.

Rising Preference for Minimally Invasive Procedures

More efficient and smaller surgical instruments for minimal invasive cataract surgery are being developed. These innovations enable surgeons to carry out the operations through smaller cuts. Therefore, patients can have less discomfort and recover quickly. This practice of minimum invasiveness is in line with the rest of the goals of improving the outcomes of patients and reducing surgical trauma.

Cataract Surgery Device Market Segmentation

The market report offers a detailed analysis of the market based on the following segments:

Market Breakup by Product Type

• Phacoemulsification Systems
• Femtosecond Laser
• Intraocular Lenses
• Ophthalmic Viscoelastic Devices
• Others

Market Breakup by Application

• Posterior Sub-capsular Cataracts
• Cortical Cataracts
• Nuclear Sclerotic Cataracts
• Congenital Cataracts
• Traumatic Cataracts
• Others

Market Breakup by End User

• Hospitals
• Ophthalmic Clinics
• Research Institutes
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Cataract Surgery Device Market Share

Segmentation Based on Product Type to Witness Substantial Growth Based on the product type, the market segment includes phacoemulsification systems, femtosecond lasers, intraocular lenses, ophthalmic viscoelastic devices, and others. Phacoemulsification systems are expected to lead the market due to their widespread use and effectiveness in emulsifying cataract lenses for removal. These systems are preferred due to their precision, minimal incision requirements, and faster recovery time, driving their dominance in the market.

Cataract Surgery Device Market Analysis by Region

The market is divided into regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is leading the market and is expected to exhibit significant growth during the forecast period. This growth can be attributed to the presence of major market participants in the United States as well as the significant volume of cataract operations in the region. The main drivers propelling market expansion in the region are the advantageous reimbursement policies of insurance companies and rising awareness regarding ocular illnesses.

Leading Players in the Cataract Surgery Device Market

The key features of the market report comprise patent analysis, grants analysis, funding and investment analysis, and strategic initiatives by the leading players. The major companies in the market are as follows:

Coburn Technologies Inc.

Coburn Technologies is a leader in optical lens processing and ophthalmic diagnostic equipment. In March 2024, they introduced the HTG-1 Full Corneal Topography System. This advanced system aids in diagnosing corneal conditions and guiding cataract surgery by providing precise data on corneal curvature, refractive power, and irregularities, supporting optimal surgical outcomes.

NIDEK

Nidek is a global leader in ophthalmic and optometric equipment, known for designing innovative devices. In February 2023, the company launched the Cube a Ophthalmic Surgical System, featuring advanced ultrasound technology and Gyro torsional technology. The system enhances cataract surgery efficiency, safety, and fluid dynamics for improved patient outcomes.

Alcon, Inc.

Alcon is a Swiss-American company and a global leader in eye care, specializing in ophthalmic devices and surgical equipment. In June 2024, their Unity Vitreoretinal Cataract System and Unity Cataract System received FDA 510(k) clearance. These innovative devices enable them to advance cataract surgery techniques.

Bausch & Lomb, Inc.

Bausch & Lomb, an American-Canadian eye health company, is a major player in the cataract surgery device market. It offers a range of innovative products, including hydrophobic, hydrophilic, and silicone intraocular lenses, which are crucial for cataract surgery. These products support minimally invasive procedures, helping restore vision.

Other key players in the market include Johnson & Johnson, Ziemer Ophthalmic Systems, Carl Zeiss, STAAR SURGICAL, Hoya Corporation, Rayner Intraocular Lenses Limited, and SIFI S.p.A.

Key Questions Answered in the Cataract Surgery Device Market Report

• What was the cataract surgery device market value in 2024?
• What is the cataract surgery device market forecast outlook for 2025-2034?
• What are the regional markets covered in the report?
• What is the market segmentation based on product type?
• What is the market segmentation based on application?
• What is the market breakup based on the end user?
• What major factors aiding cataract surgery device market demand?
• How has the market performed so far and how is it anticipated to perform in the coming years?
• What are the major drivers, opportunities, and restraints in the market?
• What are the major trends influencing the market?
• Which regional market is expected to dominate the market share in the forecast period?
• Which country is likely to experience elevated growth during the forecast period?
• Who are the key players involved in the cataract surgery device market?
• What are the current unmet needs and challenges in the market?
• How are partnerships, collaborations, mergers, and acquisitions among the key market players shaping the market dynamics?

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